Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Page of 4798
Press 'Enter' after typing page number.
481 to 500 of 95957 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT affirmed CIT(A)'s order, rejecting revenue's appeal. The tribunal upheld the lower authority's findings on multiple legal issues: (1) assessee qualified for long-term capital gains tax exemption under Section 54F by owning only one residential house at share transfer date, (2) sale proceeds of gifted shares from son were not unexplained cash credit under Section 68, and (3) unsecured loans from family members with proper documentation were not assessable as unexplained income. The tribunal found no merit in revenue's contentions and dismissed the appeal, maintaining the original order that deleted additions made by the Assessing Officer.
ITAT affirmed CIT(A)'s order, rejecting revenue's appeal. The tribunal upheld the lower authority's findings on multiple legal issues: (1) assessee qualified for long-term capital gains tax exemption under Section 54F by owning only one residential house at share transfer date, (2) sale proceeds of gifted shares from son were not unexplained cash credit under Section 68, and (3) unsecured loans from family members with proper documentation were not assessable as unexplained income. The tribunal found no merit in revenue's contentions and dismissed the appeal, maintaining the original order that deleted additions made by the Assessing Officer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
